Tocqueville Asset Management L.P. Trims Holdings in Coda Octopus Group, Inc. (NASDAQ:CODA)

Tocqueville Asset Management L.P. lowered its holdings in Coda Octopus Group, Inc. (NASDAQ:CODA) by 10.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 398,046 shares of the company’s stock after selling 44,918 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 3.55% of Coda Octopus Group worth $3,117,000 at the end of the most recent quarter.

Separately, Essex Investment Management Co. LLC bought a new position in shares of Coda Octopus Group during the fourth quarter valued at approximately $114,000. 20.12% of the stock is currently owned by hedge funds and other institutional investors.

Coda Octopus Group Stock Down 0.3 %

NASDAQ:CODA opened at $6.66 on Wednesday. The firm’s fifty day simple moving average is $7.78 and its 200 day simple moving average is $8.03. The stock has a market cap of $74.72 million, a P/E ratio of 20.18 and a beta of 0.60. Coda Octopus Group, Inc. has a twelve month low of $5.50 and a twelve month high of $9.89.

Coda Octopus Group (NASDAQ:CODA) last announced its earnings results on Monday, March 17th. The company reported $0.08 earnings per share for the quarter. The firm had revenue of $5.21 million for the quarter. Coda Octopus Group had a net margin of 17.95% and a return on equity of 7.04%.

Coda Octopus Group Company Profile

Coda Octopus Group, Inc, together with its subsidiaries, develops, sells, and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. The company operates through two segments, Marine Engineering Business and Marine Technology Business.